One of the most significant technological developments of the decade is the Internet of Things (IoT). With IoT devices and IoT trends in Canada on the rise, this technology is having a significant impact on a broad range of businesses. IoT is growing at a rapid pace and Canada is leveraging this to the fullest. With IoT, the connection goes beyond the local server and internet connection to appliances and complete cities that are connected using smart sensors and devices and communicate with each other. Data thus collected is then collected, organized and analyzed for further insights.
With the world adapting to smart cities, Canada is also on the forefront to implement and absorb the new technology. However a country which is as huge as Canada, with aging infrastructure, is not able to implement IoT trends in the same way as other smart cities. IoT in Canada is still laggard and though Canada faces challenges in the way the IoT trends in Canada are implemented, the physical landscape of Canada provides for various IoT opportunities.
63% of Canadians report that they will adopt connected devices within five years and 44% plan to use these devices in the next two. IoT in Canada can be used in slightly different methods as compared to the other smart cities:
As per a recent study, Canadians’ top answers to shift to connected devices is because of:
The Internet of Things is everywhere and is already working on saving you your money. With the efficient use of IoT, US is expected to save about $4 billion over the next 10 years, if replicated, Canada too can save millions of dollars and growing as a smart country!